It is a time in real estate when buyers are asking ridiculous things of sellers- You, as their buyer's agent, want me, the sellers agent, to do WHAT? Oh, I understand the request (or might it call it a demand) correctly alright. This is all because your buyer lost out on a house in a multi bid situation. Your buyer now wants to put an offer in on my sellers house but wants assurances that if another offer comes in we won't go into a highest and best offer situation. You want my sellers to put that other offer aside until the sellers make a decision on your offer. Now why would I suggest this is a great idea to my seller?
Yes, I am readily and actively aware that it is a buyers market and that is why we have priced the house accordingly. I am so glad you agree with me that you understand, after viewing the home, why the sellers are where they are on their price. Correct- it is pristine and perfect almost to a fault but you can tell your buyer not to fuss too long about this offer.
Your buyer looked at the house one week ago and did not put an offer in during the week and now wants to place 'caveats' on their offer that might be detrimental to my seller. This is not the time to do this. If there was sufficient interest a week ago you should have encouraged your buyer to request it then...not now.
What is there not to understand? Sellers can be choosy and yes lose a sale but one needs to have all the information on their job sheet to understand a clients situation and choice. My job is to give the best and most current advice on the local real estate market, have all my sold comparables in hand and guide them through their decision. I do not push a decision on them.
I will tell my sellers that the first offer, in my experience, is the best offer in 90% of my transactions. If they want to play roulette and wait for that other 10% it may be a mistake in this RI real estate market.
But please don't come in with a buyer and state all these demands and assurances needed as their agent and then not make an offer- you are wasting my time and yours...let's 'fish or cut bait' as they say! Your buyer wants my seller to do what?
I'm the RI Realtor in the Sparkly Red Shoes and I do cut bait with them on so if you are chumming for good representation send me a fish line!
This blog © and its contents is original to Ginny Lacey Gorman
Ginny L. Gorman a purveyor of Fine Waterfront RI Real Estate
Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ... I sell dreams! because there is no place like home...the RI Realtor in the Sparkly Red Shoes.
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cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor